2012-09-26
2012-09-26
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measures are identified. the eurozone remains the greatest risk for the global economy today. as i said earlier on, the ecb move from two weeks ago with the omc was clearly a turning point. but the countries have to really work together much more cohesively in a much more coordinated manner and order together turned the corner. as you know, european union and the eurozone in particular are not the only threats on the horizon. the united states is also currently a threat. the immediate concern is, many of you know that, is that under the current law there would be a dramatic tightening equal to about 4% of gdp. that's what is, refer to as the fiscal cliff. and that is good. it entails a contraction of 2% of gdp, and that is not good at all, especially if you consider the forecast of growth of the united states is pretty much in the range of 2%. so that is a racing any growth in the united states, would be the consequence of not dealing with the fiscal cliff and not dealing with the debt ceiling, which are both looming threats on the very short-term horizon. and it's not a threat just for

. a compelling message as to why they should throw out barack obama because the economy in ohio is doing better than it is in other parts of the country. >> it is and the question is, who gets the credit ryan joins me now along with roland martin. roland, that was the kind of, you're not afraid to say what you think. a kick in the you know, at least they're saying they feel the way they feel. >> actually, honesty is always the best policy. it's amazing they are making sarah palin out to look like a you know, profit, if you will, when she said they should go rogue. they're going to have to get more aggressive in this campaign in order to close this gap. these debates are going to be critical, but again, these ceo frankly is giving a muddy story if you will as to why he should be the person. i love boxing, erin and they say you don't win the belt of the champion on points. you take it and mitt romney hasn't done that. he has to take it if he wants to win the presidency. >> it makes sense, but ryan, what in the world is he supposed to do? it sounds like he tried to be aggressive. after the attacks

continue rising and consumers become more confident-- two bright spots of the economy. was the bank bailout overdone? hear what a former top regulator says about the rescue. former fdic chairman sheila bair joins us. and if american airlines and its pilots strike a deal tomorrow, it could mean fewer delays for customers and the company's bankruptcy. that and more tonight on nbr! captioning sponsored by wpbt >> tom: some encouraging news tonight for the housing market and consumer confidence. first, housing-- a measurement of prices in 20 cities across the country rose four tenths of a percent in july. that's the sixth straight month of gains for the s&p case- shiller home price index. and consumer's are feeling more optimistic. the conference board's confidence index rose to 70.3 in september, marking its highest level since february. these two groups, consumers and housing, are significant because of their influence over the entire economy. >> with the improvement in consumer confidence, we think that consumer spending could pick up as we go into next year. especially since the housing mar

. on the issue that's supposed to be republican mitt romney's strength, the economy, he's trailing the president with a "new york times" news poll showing on the question of who can better handle it, ohio voters give the president an edge of 51% to 45%. >> i woke up every day doing everything i can to give american workers a fair shot in the global economy. >> there's danger signs. they declared ceos see slower economic growth the rest of the year with lower expectations for sales, capital expenditures, and hiring. the chairman of the round table, boeing chairman, said in a statement, quote, "the down shift in quarterly sentiment reflects continuing concern about the strength of the recovery including uncertainty over the approaching fiscal cliff." the sour report is more significant because he chairs the president's export council. >> i know that all of us, business or government, share the goal of strengthening our economy and creating more jobs. >> another vulnerability for the president could be the deficit promising to cut it in half by the end of the first term, but it's topped $1 trillion

in advertising revenue. this is due to the internet and sluggish u.s. economy. the firm has been taking various streamlining measures that include cutting 2,000,000 jo jo. 10% of the work force. despite actions, the company posted a loss in first time in four quarters. "the new york times" decided to appoint bbc general director as its new top executive. he is nonto have improved the web services of the bbc is is expected to bolster the newspaper company's online businesses. >>> british bankers association says it is willing to give up control over the libor bank rate. as it looks to prevent further rate rigging scandals. the association says libor is based on interest rates charged between banks in the london market. in june, major british bank, barclays was fined for manipulating libor through false reporting. a staement released tuesday indicating they would transfer libor related to a public body. by making the announcement, the association is seen as trying to ease criticism about the way the rate has been handled over a quarter century. and the british government plans to publish a final

passed on to our kids. it's not just bad for the economy. it's not just bad for our job creation. it will in my opinion, it's immoral for to us pass on obligations like that to the next generation. >> romney'sry reserting the economic attack on the president as a new study shows median household income fell 1.1% in august to just over $50,000 a year. since june 2009, household income fell $5.7% and they are down 8% since obama took office. romney's blunt assessment is everyone will share in the sacrifice to fix the mess and get people back to work. >> don't expect a huge cut in taxes, i'm also going to lower deductions and exemptions. but by bringing rates down, we will be able to let small businesses keep more of their money so they can hire more people. >> romney's latest ad is just him, framing the choice. >> big government dependency, versus personal responsibility and liberty. >> we shouldn't measure compassion by how many people are on welfare. measure compassion by how many people are able to get off welfare and get a good paying job. >> reporter: that in effect is romney

and the sovereign bond market and watch the politicians fail to do what's necessary to get these economies to grow. you have to stabilize the patient before you try and fission their long-term problems. the politicians don't do this. that means europe stays in a recession. for u.s. investors, i think it is still something of a side show. >> something of a side show. until they either come up with the austerity or -- something's got to give, right? >> because it doesn't disrupt the u.s. economy. the u.s. economy is still growing. our exports to europe are only a very small part of our gdp. the housing market recovery is much more important to the improvement of wealth. we're seeing some improvement of confidence. we're seeing rising home prices. all these are more important to the united states than what's going on in europe. >> mark, how do you see it? you invested in europe these days or no? >> a little bit, maria. you know, i guess the thing i would say about europe and soon to watch on our shores is you're going to pay more and get less. i look forward to the dislocation between price and value

on the planet." (laughter) in an ordinary election involving a stagnant economy, global unrest, and the typical incumbent president would be at an enormous disadvantage. unless-- >> does the government have a responsibility to provide health care to the 50 million americans who don't have it today? >> well, we do provide care for people who don't have insurance. we pick them up in an ambulance and take them to the hospital and give them care and different states have different ways of providing for that care. (laughter) >> jon: unless-- normally he would be in trouble unless that incumbent president is running against the guy who just appeared to suggest that we don't need to do a health care plan for uninsured americans because we have emergency rooms! (laughter) and, like, they're open all night. (laughter) they're, like, 7-elevens but-- (cheers and applause) now that-- what he just said is an amazing and unappealing to -lsy statement which on its own would perhaps level the field for the incumbent president but apparently leveling the field isn't good enough for massachusetts mitt "up until

the real economy is very important to us. in missouri we have a strong industrial rail process where you have a lot of goods across our state. we have work to improve the system, get rid of bottlenecks. for example, the osage river where we are now in the process of building a bridge that we can get another land we don't have slowdowns. the first step is to make sure we don't get slowdowns so when we look to more possibilities for passenger rail travel, that we have a system to deliver on time. so we're looking at that. we've also worked with illinois because anybody that looks at the bigger picture of our country will see getting the first step from chicago to st. louis is never going to attract the resources for high-speed rail across their state. that's why we worked with the state of the one i and others to get the initial project completed, while at the same time working to improve our network here for on-time efforts. you know, all of that is part of a long-term transportation focus that will continue to provide us a competitive economy. >> dave spence. >> i think it sounds great i

geo politics has upped the price, but now the slowing economy is questioning how long traders can hold on to those premiums. you can't outrun economic fundamentals no matter how much you print. >> what do you think about that, bill? even though corporate america looks strong, looks like the earnings estimates need to come down. >> i think the summer of dal droms are about over. going forward, the thing that might be the big spark that changes the psychology and the ball game is the election. i don't believe all the polls. we'll see what happens. if we're right that there's a seat change and some fellas join the unemployment line deservedly, then you might see money be put to work. this fiscal cliff and all the other nasties we hear about are not going to be permanent dampeners on the economy. i think you have to look forward and anticipate what's next. >> is it the same scenario -- >> that one i disagree on. >> okay. bill, are you looking at different scenarios if the president wins re-election versus a romney win? how are you playing that? >> well, number one, i don't think anybody's

the current state of the election and plenty of people are concerned about the trends and the same economy in these times. most important of them who are the people who will show up to the polls in november. we want to have a follow-up discussion about economics, demographics, and the expectations for 2012. this is a follow-up for what was released in november of last year. with that, i am pleased to introduce my colleagues. the co-authors of the report they are releasing at www.american progress.org. after this presentation, you have a conversation with our panel and we look forward to hearing from you as well. i encourage you to follow the conversation. our guests recent writings include the european paradox and the decline of the working class and the rise of the mass upper-middle-class. he holds a degree in sociology from university of wisconsin, madison. i say about the game yesterday. [laughter] please welcome rich. [applause] >> thank you, everybody for coming. as daniella mentioned, this is about the report to be released last november. there is obviously a you -- adding about ideo

economy here in san francisco and as i do that, i always have to think about what to say that mary hasn't already said about it. and if you look at the real estate economy generally in our nation, and the fact that it is still soft. that we still need more jobs. that there is a recovery, but it's a slow recovery. you can't do that without thinking gee, will i sound like a politician for one or the other major political parties? and so i will steer clear of that and focus instead on san francisco and maybe we're living in a bubble, but it's a pretty wonderful bubble to be living in. the real question is the resurgence of real estate we're seeing now, is that sustained growth? is that just, you know, for the moment? but as i look at it, we're putting in place an awful lot of things that shape what our city looks like in the future, how our city operates, how we interact with our city. as i started to think about that, i thought, you know, the number of major infrastructure projects going on in our immediate region now are probably -- there are probably more dollars and energy going int

's all about the economy. yesterday he made an interesting pitch to the crowd saying, i need you to go out and tuque to obama. vote for me this time. so they're really trying to target tho voters. as i heard you say earlier,n thpresland in crowd, the romney spinners are pushing back on the polls. they insist they're within the margin of error but they offer no proof of that. he's hoping for big crowdser more enthusiasm and hoping to open the gap here because as you owiny nohio. >> ron allen following the campaign for us. ron, thank you. let's look at the map itself when it comes to ohio. there are less than a thousand hours until election day. is that sinking in? bodisti the campaign trail. if ohio is really leaning toward the president, what does that mean for mitt romney and his potential path to victory? let's go to the latest nbc news battleground map and show you where thisd. last week we moved from toss-up to lean ohio. the president's lead, it went from 24 2770. what does this mean if you give him ohio? well, watch. so you give the president of ohio, he gets up to 261. he use no

taxes will help grow the economy? >> no. >> ryan's expression back there when he looks over at portman, kind of intriguing. it would be curious what a thought bubble would be going on over there. but it's a little bit of a change for romney. he had often been accusing the president of raising taxes or citing increases, i thinking about the health care law, et cetera. a romney adviser put out a memo yesterday explaining how capital gains are taxed. as they say, if you're explaining how capital gains are taxed, not just calling for different ways of lowering them, if you're simile having to explain it, you're losing. romney has also tried to make china a boogeyman and he did it again in ohio yesterday. >> that when people cheat, that kills jobs. china has cheated. i will not allow that to continue. [ cheers and applause ] >> this is one issue where romney has tried to go on the offense with china since he got on the campaign and frafrmgly the obama campaign has been on the defensive about it which is why when obama is in ohio today he's going to make the amount about ohio. he filed trade

at the dynamics economically at play in ohio. governor cakasic's great job of sheparding the ohio economy to account for state unemployment 7.2%, lower than the national average, it also undercuts mitt romney's message this economy isn't in turn around and time to get someone else. >> makes john kasic a hobbled sur row gate for mitt romney, you can't say the economy is great when you're trying to prove the economy is bad. thing about ohio it's an important state, and remember when 2004 the whole election came down to john kerry losing narrowly to george w. bush in that state, the president has a couple huge advantages we're seeing in the ten-point game, one is the auto bailout. there is no state besides michigan be impacted more positively by the auto bailout than ohio. 82 out of 88 counties have an auto parts supplier in them that's felt a direct effect of the bailout. part of why the economy is doing better there. it's enough to move the needle. also the case that anti-union backlash in the industrial midwest and wisconsin has motivated organized labor in ohio in a way, the case always

fellow countrymen and women are in poverty today. president obama, the economy is barely growing, he's run out of ideas and just the other day on tv he said that he can't change washington from the inside. why do we send presidents to washington in the first place? isn't that what we are supposed to do? don't we send them with a message to washington? if he can't change washington we need to change presidents and we need to elect this man the next president of the united states. the choice before us is very clear. we are offering real reforms for a real recovery. we cannot afford four more years of president obama's failed policies. what mitt romney is offering, what we are saying is, here are big ideas, big solutions, that are designed to get people back to work. proven policies to get our country back on track. number one, right here in ohio all across america we have a lot of our own energy. let's go get that energy and use it and get people back to work. gas, oil, coal all of the above. it is here, it is ours. you know he is going to do -- he is when you say yes to the keystone p

to make the economy topic number one. >> there are so many in our economy that are hurting. >> as i travel around ohio i do not see a lot of victims. i see hardworking ohioans. >> the president leads the 53% to 43% in ohio. in pennsylvania, the latest poll shows obama leading 54% to 42%. and in florida president obama leads a 53% to 44%. here in virginia one woman is reluctant to commit to romney. she says she may vote republican in the senate race but she was turned off by the mitt romney 47% remarke. >> what he said about 47% depending on the government, that is not true at all. >> this alexandria of voter. >> we have been losing jobs, but i think the mitt romney plan is superior to the president's plan. >> obama in the lead. there is a margin of error. romney campaign officials say they find fault with the quinnipiac poll methodology and believe the race is tighter. they think there is still plenty of time to overtake the president. rebecca cooper, abc 7 news. >> thank you, rebecca. the president was in ohio and had a little bit of a tough time getting there. he had to force landed in t

. it's go time. ♪ >> the president and michelle obama. >> hes loving, giving, open. >> our economy works the best when everybody gets a shot. >> it looks a little foolish on the view with the girls on the couch. >> there are going to be bumps in the road. >> the world needs american leadership, we do and we're going to bring it. >> a few words from bill clinton can do a man a lot of good. >> i think that ought to be a little bit of a red flag. >> our constitution protects the right to free speech. the future must not belong to those who slander the process of islam. >> i'd give the speech a c. it was a great big warm fuzzy blanket. >> unlike the seattle seahawks last night we want to deserve this victory. i'm sorry i'm a packer fan. i had to get that last one in there. >> let's start with president obama. he spoke this morning, looked presidential, he looked cool under control so here's the first part of his speech. >> true democracy real freedom is hard work. those in power have to resist the temptation to crack down on dissidence. in hard economic times countries must be tempted,

: the message of the day was not only that he can fix the economy, it's that he can feel it. >> there are so many in our country that are hurting right now. i want to help them. i know what it takes to get an economy going again and creating jobs. >> reporter: the straight from the heart appeal is echoed in a new ad that shows romney looking directly into the camera. >> president obama and i both care about poor and middle class families. the difference is my policies will make things better for them. >> reporter: translation, pay no attention to the man in that hidden camera video. >> the 47% who are with him, who are dependent on government very much -- >> reporter: but for romney when it rains it pours. his two-day under steady showers has a feel of a race against time. a new poll quinnipiac finds romney trailing the president by ten points in ohio, nine points in florida and 12 in pennsylvania. an abc "the washington post" poll may explain why. 54% said they had an unfavorable view of romney's comments on voters who don't pay taxes. romney told cnn he's not worried about the numbers. >>

hoarding cash during the recession and are now eager to spend it on new homes on signs the overall economy is improving. but that increased demand has brought more competition for lots. >> now you have end users who are buying for themselves, you have other builders who are doing spec homes, so lot prices have gone up significantly in the last ten months. >> reporter: new home prices are also rising. the commerce department said last month alone they were up more than 11%. but while this is all good news for an economy that hasn't had much of it lately, morningstar economist robert johnson says the market still has to make up a lot of lost ground. >> if you look at housing starts at the peak we were over two million starts. i'd say based on population the number should have been about a million ana half. now we're down around 750,000 in terms of housing starts so we're kind of half of what i view as normal. >> reporter: one wild card for builders is the ongoing uncertainty about the bush tax cuts. subkowiak says if those tax cuts aren't extended some potential buyers could put a hold on bu

any issue, including the economy where he's at a six-point deficit to the president. six points on the economy? oh, my ohio. mitt romney knows that's trouble. and in a brand new ad one reason is clear, as romney plays face the camera doing his best damage control over that 47% video. >> president obama and i both care about poor and middle class families. the difference is my policies will make things better for them. >> and, cut. very good. that was marginally convincing. maybe a little more -- tell you what here's an example of a politician speaking this afternoon in bowling green with genuine authenticity and commitment. >> my opponent may think it's fair that someone who makes $20 million a year like he does pays a lower rate than a teacher, i disagree. i don't think that's fair. i don't think it helps grow our economy. i refuse to ask middle class families to give up their deductions for owning a home or looking after their kids just to pay for another millionaire's tax cuts. we're not going to do that. >> dear me. did we mention ohio voting starts in

, and yes, we have taken it to account the kind of shocks the could apply to economies if and when, which i hope is never, the price of oil and the price of energy was to skyrocket more than it is at the moment. but you could take pretty much any area of the world where there are latin complex, not that want to minimize iran clearly, but all such conflicts could themselves entail economic consequences that we have to be mindful of when we model. i don't want to sort of list those parts of the world where conflicts could arise and would have consequences, but this is, you know, as beckett used to say, this is life and his no cure for that. [laughter] >> next question. >> hello, thank you for your talk this morning. i'm with china centric television in washington, d.c. and my question is regarding china but in relation to the global financial crisis, what policy decisions and actions which are like to see from china in the coming months? >> i think policy decisions have been announced already very much so. i'll distinguish between short-term and medium-term. short term there's an announcement

hunt at the u.n.. martha: take a look at the u.s. economy this morning. there is a new report that has some not very good news on this. families are seeing a lot less money in their paychecks according to this new report. it finds the median household income fell by 1.1% to under $51,000 last month. you take a look at the chart on this since 2009 and it is not a pretty picture. it is a significant drop since the president came into office. stuart varney joins me now. he is the host of "varney & company" on the fox business network. stuart, good morning. that's a tough chart. >> yes, it is a tough chart. it paints a picture of real distress in middle america. buying power down, our standard of living falling and hardship, hardship right there in the middle of america is actually give gettingous. -- getting worse. let me give you key number. from the start of the obama administration the median household income in america has fallen, repeat, fallen, down around $4,000. we've not seen this kind of decline over a long period of time, three, four years, we have not seen this before. if you

some statements about the economy already in the opening remarks. so let's start with that. as governor nixon noted, the jobs increased 18,000 nearly from july to august. but the number of people in the civilian labor force, those working unemployed but actively working fell by 11,000 during the same period. so let's start off with this question. do you believe that the economy is improving or lagging behind, and what three specific things would you do to create more jobs and misery. governor nixon, your first. nixon: we are seeing that progress necessary to move forward once the jobs bill got into effect in september of 09 we have had an unemployment rate below the national leverage and today's numbers showing not only this last month gaining 17,900 jobs but also that means the third most new jobs of any state in the country shows we are beginning to make progress and it is built on a solid, solid rock of fiscal discipline, holding the line on taxes, focusing our attention on industries to make a difference. for example, that is why i call the legislature back into the special session

. the governor earlier today focused on the economy. >> do we really want four more years with 23 million americans struggling to find a good job? >> no! >> i mean, do we want four more years where half the kids coming out of college can't find work or college-level work? >> no! >> do we want four more years where every single year the take home pay goes down? >> no! >> do we want four more years of trillion dollar deficits? >> no! >> yeah, i don't believe we can afford four more years like the last four years. the people of ohio are going to say loud and clear on november 6th we can't afford four more years, we must do better. [cheers and applause] megyn: well, one of the political writers focused on the romney change today is chris stirewalt, fox news digital politics editor. chris, there is a shift in the romney approach. describe exactly what we're seeing. >> well, what you're seeing is a campaign that had previously been trying to have a campaign that was structured around the idea that barack obama was a nice guy, a good fellow, a good dad and an all-around swell american but that m

the fallout of the crisis threatens the u.s. economy on your 401k. amy kellogg joins us from london with more. >> reporter: it affects your 401k was the markets of course are corelated and the markets in europe are down. also the s&p derives a significance portion of its earnings from european then american companies have operations overseas that make money in europe, therefore if the economy here is in a bad way that hurts americans. there was this big strike in greece today that got violent when some black-hooded anarchists kind of took advantage of the situation, throwing gasoline bombs at police. they used a general strike and march as a vehicle to just rage against authority. over 50,000 people came out. they are processing the further cuts that are coming their way . many in greece are generally desperate now having seen their salaries drop by more than 20% already since austerity became a way of life in greece. social safety networks are not able to save people. one person at the demonstration was quoted as saying, we are bleeding, we can't take it any more. the new conservative-led co

. that's what's happening now, coming to grips with their economy is going to be horrendous for a long time. >> thank you very much. i'm sure we'll check back with you later this morning. >>> we have to go? really? we do? all right. coming up, this football stuff. >> we'll get into some of this. >> today's national weather forecast. in sports, another team clinches a major league baseball playoff spot. but pointless, really. going to lose to the reds one way or another. >>> both president obama and mitt romney will be in ohio today. the story behind that swing state. >>> welcome back. take a look and you'll see that the dow futures are slightly higher. s&p futures up by close to two and a half. this comes after the market ended on its weakest levels of the day yesterday. yesterday was the worst day for the month of september for the dow. it was the worst day in two months for the nasdaq and it was the worst day in three months for the s&p 500. all of that kind of playing out overseas as well. in europe this morning, you are going to see some red arrows. a lot of concern about what's ha

on president obama and the economy. how has he managed to avoid public retribution for not fixing the economy better than he has done? >> because this is not a normal time. >> plus his extraordinary work with the clinton global initiative. >> we don't have to produce miracles. all we have to produce is progress. we just keep pushing these rocks up the hill. >> is the world ready for a clinton back in the office? >> i can run for president of ireland because of my irish heritage. >> this is "piers morgan tonight." good evening. the most powerful man and woman in the world are gathered in new york tonight at the u.n. and across town at the clinton global initiative. president obama spoke at cgi today. we'll get to that in a moment. he had tough talk on iran's nuclear program. >> let me be clear. america wants to resolve this through diplomacy and we believe that there is still time and space to do so. but that time is not unlimited. >> with just 42 days to go until the election, mitt romney blasted iran in his speech to the cgi. >> a voice of unspeakable evil and hatred has spoken out, threaten

>> pelley: tonight, signs of a new direction in the economy. we have new information on consumer confidence and real consumer confidence and real estate prices today. anthony mason on what all this means for jobs. jan crawford and nancy cordes with the president at the romney in ohio promoting free trade. jeff glor on the call that every football fan is talking about. >> it was awful. that's all i'm going to say about it. >> pelley: and these images helped change america. >> how could you not ask the question "what ever happened to that kid?" >> pelley: seth doane with the man who uncovered the stories behind the faces. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. six weeks before an election that may turn on the state of the economy, a new survey out today finds that americans are feeling better about things. consumer confidence is at its highest level in seven months, largely because more americans expect the jobs picture to improve. but confidence is still at what's considered a weak level. home values are increasing. a

a poor recovery of the u.s. economy because of the failed policies of the president. if you had a more robust economy you would have less of a devit. >> steve: the plan that current president made available to what he would do in the next four years. >> he claimms a several trillion in deficit reduction over the next 10 years. that's not a flat out cut in the debt or deficit. that is a slowing in the rate of growth in the rate of deficit and those cuts come many years down the road. >> brian: thank you, stewart we'll watch you at 9:30. >> gretchen: crying babies on a plane. one airline came up with a solution. >> brian: president obama pulled ahead but larry sabido who correctly predicted the electionn said that is not going to last long in virginia. ♪ i'm yours . ♪ ♪ here i am, baby. how can you get back pain relief that lasts up to 16 hours? with thermacare heatwraps. thermacare works differently. it's the only wrap with patented heat cells that penetrate deep to relax, soothe, and unlock tight muscles. for up to 16 hours of relief, try thermacare. but i'm still stubbed up. [

a sluggish global economy. and there is concern more companies could follow suit. it wasn't all bad news on wall street. we actually got some pretty positive economic numbers. now, u.s. consumer confidence rose to its highest level in seven months in the month of september. we got housing data, housing prices rose at a faster than expected pace in the month of july. getting mixed signals about the stift u.s. and the global economy and will continue toe a major focus for investors worldwide. ate of the u.s. and l economy and will continue to be a major focus for investors worldwide. here in tokyo, investors will take a wait and see stance, moves driven by external fact to including europe's debt problems and overnight falls on wall street. now, spain is preparing a new round of austerity measures this week for the next fiscal budget. that is going to be a major focus. >> here in japan, we have the main opposition liberal democratic party's presidential election today. is that expected to effect the stock market? >> analysts are expecting it to be a factor for date because candidates have

to you what should happen after the election, regardless of who should win, the broader u.s. economy does move forward? if we can get the u.s. economy out of second gear, we have seen the broader housing market turn and we're beginning to see the foundations of some job-growth. if the economy can pick up more broadly, what that would mean for san francisco, given the foundation that we have set for us today? clearly looking forward we think the physical boundaries of what is downtown will change. the type of space the tenants want will change. we think that this is a very good time for san francisco. we live in an exceptional time. and i'm going to paraphrase ever so slightly, but as jerry eyer would say, don't screw it up. [ laughter ] i fel very fortunate to work in this environment, to work for a great company and most importantly to get to work with all of you everyday. thank you very much. [ applause ] >> thank you, carl. now we're going to move from the talk about the tech explosion to one of our most significant economic generators, which is the hospitality industry and i think we

. >> i will strengthen america. and i will strengthen our values and homes and our economy to make sure this economy can ignite our capacity to put people to work and provide the resources we need to have the strongest military in the world. >> romney criticized obama's economic policies and the  interest payments alone on the national debt are higher than the budgets of several government agencies come pined. >>> at the u.n. general assembly, the president of iran lashed out to the powers. ahmadinejad address add room filled with especially thank you seats. mr. ahmadinejad accused western leaders of intimidation with a pledge not to test nuclear weapons. he criticized what he called a continued threat by the uncivillized zionist to taken action against iran. >> he wanties to make iran a nuclear power. you know what i say to that. no way, no how, never. >> former new york city mayor judy guiliani led a protest against ahmadinejad. protestors carried signs and denounced the iranian leader. >>> neighbors knew there was some sort of mystery. they are surprised to learn about this. this i

suggests he is the one with a plan to turn the economy around. but new optimism could help energize president obama. hallie jackson has this "201 commitment 2012" report. >> a new poll shows president obama with the double-digit lead over mitt romney in ohio. mitt romney's bus tour makes its final stop today in a key state . >> ohioans, you have a huge say so in this. >> fewer americans are working today -- >> there flooding the state with ads that showed that romney is better for the economy. >> it is a repeat of what he said four years ago. >> it may be a tough sell in a state where unemployment is lower than the national average, and where many like the president's bailout of the auto industry. consumer confidence is at its highest level in six months. >> they act like somehow in september 2008, all of a sudden recession fell from the sky. whoa, how did this happen? >> after a day spent talking foreign policy in new york, the president will shift gears in ohio. the campaign is not ignoring other battleground states. >> instead of attacking folks who work for a living, shouldn't w

. pakistani libya putting bounties on american citizens' heads. here at home, the american economy is in shambling. obamanomics turned it to food stamp obama nation. war on jobs is crushing the middle class. as american cities declare bankruptcy for the first time ever. so, go ahead with "the view." go ahead with "letterman show." the clooney dinners. i understand you're eye candy. i understand you have your priorities. unfortunately, your priorities don't line up with ours. >> bob: that was very depressing. >> eric: it is depressing. >> bob: okay. >> eric: it is depressing. the man has time for the view and letterman but can't meet with netanyahu or tackle the major issues going on in america: jobs. >> bob: i would venture to say most presidents up for re-election, general assembly of the u.n. in september of election year don't have a lot of bilateral meetings -- >> dana: if you're going to say that, why don't you check it out first. we have polls who do things like that all day. >> bob: i checked in with -- >> dana: so you can say -- >> eric: we checked with the people in the br

be playing into it. i think more of this is about the economy. polls in these states and nationwide are indicating people are starting to get a little more optimistic about the economy, and look at this, who would do a better job of the economy, this is from the quinnipiac new york times cbs polls you showed. the president with a slight advantage in all three of their states. a different story, mitt romney used to have the advantage on the economy. >> back to the ohio/florida scenario. cnn sees obama likely to win, 237 electoral votes come election day. were he to also win ohio and florida, he would have the total 284. the magic number is 270. there is no guarantee he wins both of those states or either state for that matter you see where i'm going. >> i see where you're going. the polls we're looking at give the advantage to the president, makes mitt romney's pathway to 270 much tougher. this is rich biesen, the political director for mitt romney. he doesn't see it that way. take a listen. >> they're sort of spiking the ball at the 30 yard line now. look, ohio, there is still 42 da

number from the new cnbc poll. 55% say the economy is worse. ju 22% say it's better. when asked which candidate is better for the economy, 43% say president obama. 34%, only 34%, say mitt romney. put that together, tse sets of numbers. >>> welcome back to "hardball." with just six weeks to go to the election and recent gains in swing states by president obama, democrats are allowing themsees to begin thinking about what a second obama presidential term woulbe l what it woullookike. stue of "newsweek" the cover story is written by andrew sullivan who argues that with a second term president obama could become a transformative president. in fact, among the nation's great presidents. here is something sure to gall republicans, he says president obama could become the democrats' ronald reagan. ers coc figure who e wl struggled through a recession and terrorized world. reshaping the economy within it, passing universal health care, strafing the ranks of al qaeda, presiding over a civil rights revolution, and then enjoying thuif recory. with me now is "newsweek's" andrew sullivan, also edit

, a state where the polls show the president now winning in a walk. for now. maybe because ohio's economy is on something of a tear right now. unemployment is well below the national average. business formation well above the national average. never mine the republican governor of the state, on wants to take a bow, a lot of business owners across the country did not get the memo. welcome, everyone, glad to have you. so much for voters in ohio swinging the president's way. to hear the c.e.o.'s of some of the largest companies in america, this recovery still is not. not swinging. not moving. not worth investing. seven out of ten expect hiring in the last three months of the year to be flat or lower. all of the expiring bush tax cuts that have not been addressed by either party have not lifted their spirits higher. way beyond ohio, more signs that americans in general are behind the eight ball. today the household income dropped more than 8 percent since the president took office. the political fallout in a moment. and our guest is a market watch other on the financial fallout. if ohio is no

cain had to say about the economy, but in the context of that romney ad, it only presented the words as if they were coming right out of the president's mouth and that wasn't the case. i've tried to go back to the romney campaign and say was this the ad that you corrected or removed. they just haven't gotten back to me on that. but anderson, mii mean, the rean why this is so important and crucial to the romney campaign, this line of attack on welfare and on welfare reform, what they accuse the president of doing with welfare reform, it fits into a narrative that they've been trying to say about the president for weeks now and that is that the president encourages government dependency, that he would rather see people who are dependent on government than go back into the work force and you heard mitt romney talk about that in the interview today, that he wants to get more people back to work instead of being dependent on government, and so that is why you did not see him back away from that claim today. >> lori, do you recall the romney campaign removing or correcting any ads or frank

the economy's getting better. i trustresident obama now to lehe ecy. i m who's up against huge unemployment numbers. you can rattle through all the economic data that should not be good for president obama. and yet in three or four states that matter, the tide is switching on those questions. >> don't you think florida is shocking? of those three, i tught florida nine points is the most ki >>nnepoll, florida four points in "the washington post" poll. i've said it for months, any repuican candidate that's losing the state of flori has serious problems. >> willie's right, the economic numbers are huge. the othething that relates is e geer g. inseesuiipia polls. the gender gap is gigantic. why did the romney campaign have as their surrogates bay buchanan and liz cheney and kelly ayotte? because they have a huge gender problem, and they're not addressingt with these daily attacks on the president's so-called es >> ry o"leno" last night. i didn't see the whole thing, but the clips i saw, i don't know. i know that's tough to say, but the relatability issue is constant. >> you know, and there's a

with romney failing to make the sale on almost any issue, including the economy where he's at a six-point deficit to the president. six points on the economy? tt rney kha. trouble. and in a brand new ad, one reason is clear, as romney plays face thecamera, doing his best damage control over that 47% video. >> president obama and i both care about poor and middle class e difference is, my policies will make things better for them. >> and, cut. very good. that was marginally convincing. maybe a little more -- tell you what, here's an example of a politici speaking this nuauti an in bowlingreen wit come >> my opponent may think it's fair that someone who makes $20 million a year, like he does, pays a lower rate than a teacher, i disagree. i don't think that's fair. i don't think it helps grow our economy. mi t give up their deductions for owning a home or looking after their kids just to pay for another millionaire's tax cuts. we're not going to do that. >> dear me. diwe mention ohio voting starts in sidays? i'm delht to be joined now by former ohioer t strickland with us from columbus

to the 800,000 visitors who come here every year as well as the local economy. >> it is beautiful. i'm glad it didn't fall down. >> reporter: barbara and jerry haynes snapped photos of a scaffolding free washington monument while they still could. >> we're used to earthquakes in california, but now we're here we know it's a little different. >> i have to say this registered 7.4 on my richter stale. >> reporter: now two men who each visited the washington monument as children now lead a team that will repair it. >> if you really look at the total cost of the project, it's almost entirely being spent in this region for both manpower and materials. >> it will mean that there is jobs for scaffolding companies, for stone companies and for other small businesses. >> reporter: the project is challenging. the heaviest damage to the monument is between 475 and 530 feet, considered the most difficult area to access. andrea mccarren, 9 news now. >> repairs have already been completed on the monument's elevator which was severely damaged by the earthquake last year. >>> iranian president mahmoud ahm

of the economy in all three states. 51% of polled voters say the president would do the better job. >> okay, let's go back to the last slide, guys. and mark halperin, let's talk to you. i know you agree with me that the media is liberal. guess what? republicans have somehow managed to win despite that media liberal bias. you've said it repeatedly on this show. so despite that fact, mitt romney is not getting crushed in all three of these states because of the liberal media bias. what's happening there, and why is he losing so badly, especially in ohio? >> well, it's very unlikely the president will win those states by those margins, but these numbers are not out of line dramatically with private polling and some other public polling. i think the biggest problem right now remains him. he's not driving a consistent message. the president does -- says something, the republicans get all excited about it. they treat it like a gaffe. they'll talk about it for a day. and then they'll move on to something else. the biggest danger to me right now for the republican party are two things. one is that you l

and the stability of the global economy. >>> a lot of americans including myself are troubled by developments in the middle east. syria has witnessed the killing of tens of thousands of people the president of egypt is a member of the muslim brotherhood. our ambassador to libya was assassinated in a terrorist attack. >>> both candidates are expected to focus on the hot-button issue among voters the state of the economy. >>> running president is said to address the u.n. assembly today. on watt and this have been in the assembly all week long. >>> americans have repeatedly said that a dealer rally in government must change. changes behavior. sure but after all the what does that mean? him one country based on their own solo opinion the side and establish a road on for another country and then threaten attacks. >>> occupancy more of the interview at cbs this morning was charlie rose. shall. >>> is the first general strike in greece since the country's coalition government was formed in june. born this way. the white lady that the strip down on her bedside. >>> up in the anti. lawrence and launch

in adopting measures to react to the international economy. that is why the mexican chairmanship decided to work hard to build a much broader consensus. we brought to the process the largest number of countries possible and listen to all the sectors we could, to the unions, to businessmen, to specific organizations, to young people as we brought all of their proposals to the pleary of the g-20. we had many administrative meetings. we have managed to bring divergent positions closer together. this was crucial to insure that the g-20 that we held in los cabos would seek -- would achieve the significant progress. months prior to this, there was a doubt as that -- as to the viability of the euro as a single currency for european countries. at the meeting, we endorsed with the support of the rest of the group, we endorsed a robust commitment not only to the bureau as a monetary unit but also to financial, physical, and political unity of europe zone. zone we brought in commitments from the international financial community. and also the international monetary fund. among the most significant

to the polls. both candidates to go to ohio. mitt romney said he is the plan to turn around the economy. hallie jackson joins us live. we're getting new information from polls show were both candidates stand in ohio? >> a new poll shows president obama ahead of mitt romney by double digits. they both will be campaigning in the same part of the state today. to theomney's bus tour final stop in a key state. republicans hope to have an opportunity to turn the tide to show romney is the better choice for the economy. >> he had no better idea. it was a repeat of what he said four years ago. >> it may be a tough sell where many workers like the president's bailout of the auto industry. democrats keep up their attack. >> they act like the recession fell from the sky. whoa. "how did this happen?" >> the president was shift gears -- the president will shift gears. we have been talking about other signs the economy is going in the right direction. housing prices are up in some of the biggest cities. >> president obama is pulling light in ohio. what about other states -- president obama is pulling ahead i

with the inability to get the economy moving, it's taken the position of saying it's going to stay accommodative, meaning continuing to print money even as it looks like the economy is turning around. that's the exact opposite of a mandate to take away the punch bowl once the party gets started. now ben bernanke is going to keep it flowing for as long as it takes. we could be for three days. plus, one more unthinkable, a slowing chinese economy. the great engine of growth that has supported global commerce for years. >> all aboard! >> including the darkest days of the great recession. and what's happened? the stock market never quit. never stopped climbing, it has a remarkable run with almost every sector leading the charge at one time or another, the great rotation. and before i go into the by remistations for the evening. i told you not to waver, to stay the course, the slowdown against china, and the growth that is the united states. the diverse portfolio of high-quality stocks, income producers, and growth stocks with solid dividend boosts. and of course, some gold. these have all been the c

it takes to get this economy going. >> shepard: president obama and governor romney each back in the buckeye state with just days to go until the first votes are cast. and ♪ ♪ moon river ♪ wider than a mile. >> shepard: tonight, saying good by to the legendary crooner andy williams. first from fox this wednesday night the president of iran is back in the country he says the united states is in cahoots with the devil and israelis are uncivillized. now the world is reacting to mahmoud ahmadinejad's latest anti-west rhetoric today at the united nations. the president of ahmadinejad took the podium at the u.n. general assembly and while his speech was not as fiery as some of those in the past, he still did say his vision of the world's future does not include the united states or israel. listen. >> the koran -- situation of the world better incident of history humanely iran's management of the world and the self-proclaim sensors of power who have entrusted themselves to the devil. >> shepard: just yesterday the iranian president called israel a fake regime that needs to be e

to qe-3 because it won't help the economy. as far as bond yields are concerned, nudging ever close to the 5% mark in italy. we have got italy today with a bell auction. we'll get the results of that a little bit later. u.s. yields continue to fall back down lower at 1.46%. sterling/dollar is a little bit low. aussie/dollar is low. so the dollar having a good day apart from against the euro/dollar. starting to raise the gains we've made post the ecb out of the constitutional court. that's where we stand in european trade. what about in asia today? lisa has the details once again out of singapore. >> thanks, ross. the shanghai composite is not far from that all important 2,000 point mark. investors would have been much better off investing in greece instead of china. year to date stocks gained over 10% increase, but down about 9% in china on growth concerns and political uncertainties. today the shanghai composite was dragged down by resource and steel makers. property corps is down 1.2%. the hang seng physicaled suit. industrial resources and consumer goods weighed it down. the japa

the economy he loses. he has a better chance there than foreign policy. osama bin laden is dead. end of argument for that. >> that's part of the reason we see such a jump for obama since the dnc because he has been winning the foreign policy debate. he has been winning on national security. lil' he's also winning on economics. >> that's what romney's biggest problem is. he's not winning on economy or national security. >> eliot: he should go on vacation. he would do better. every time he opens his mouth he goes down in the polls. ohio is the prime example. no republican can win without ohio. mitt romney down by 8 points. abby how is he going to come back? >> it is going to be very difficult. all i can say at this point he's not going to win on electability factor. he won't win on the relatability factor. >> eliot: likability, foreign policy economics. >> where he has some room to grow, i think is on substance. he needs to win the substance debate. that will be shown in upcoming debates. >> eliot: after watch

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